Life
The Academy’s Life Practice Council (LPC) is dedicated to providing policymakers and regulators with unbiased technical expertise.
From crafting principle-based regulatory frameworks to optimizing risk-based capital strategies, the LPC is at the forefront of innovation in the life insurance industry.
Capital
Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting
Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Life Resources
Comment / Letter
Life Subcommittee Comments to Colorado on Data Models Framework
The Life Underwriting and Risk Classification Subcommittee sent comments to the Colorado Division of Insurance on the draft Proposed Amended Regulation Governance and Risk Management Framework…
Topics: Life
Comment / Letter
Subcommittee Comments to LATF on APF 2025–04
The Economic Scenario Generator Subcommittee sent a comment letter to the NAIC’s Life Actuarial (A) Task Force on the recent exposure of APF 2025-04, discussing the update to the Valuation Manual…
Topics: Life
Comment / Letter
LPC Comments to LATF on Actuarial Guideline Draft
The Life Practice Council (LPC) provided comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure, AG Re AAT 050225.
Comment / Letter
Committee Submits Agenda Request to FASB on Funds Withheld and Modified Coinsurance
The Life GAAP Reporting Committee submitted an agenda request to the Financial Accounting Standards Board (FASB) regarding the application of accounting guidance for funds withheld and…
Topics: Life
Comment / Letter
Committee Submits Agenda Request to FASB on LDTI
The Life GAAP Reporting Committee submitted an agenda request to the Financial Accounting Standards Board (FASB) regarding treatment of long-duration targeted improvements…
Topics: Life
Comment / Letter
Committee Submits Agenda Request to FASB on Fixed Indexed Annuities
The Life GAAP Reporting Committee submitted an agenda request to the Financial Accounting Standards Board (FASB) regarding the application of accounting guidance for indexed annuity…
Topics: Life
Presentation
Subcommittee Presents to NAIC’s Life RBC Working Group
The C-3 Subcommittee presented to the Life Risk-Based Capital (E) Working Group on additional considerations for plans to address C-3 alignment, including a possible field test in 2026.
Topics: Life
Presentation
Committee Presents to NAIC’s Life RBC Working Group
The Life Investment and Capital Adequacy Committee presented to the Life Risk-Based Capital (E) Working Group on correlation across factors for life risk-based capital.
Topics: Life
Comment / Letter
LPC Comments to LATF on AAT Reinsurance Draft
The Life Practice Council (LPC) provided comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the most recent AAT for Reinsurance Actuarial Guideline Draft Exposure.
Topics: Life
Presentation
C3 Subcommittee Updates NAIC’s Life RBC Working Group
The C3 Subcommittee presented an update to NAIC’s Life RBC (E) Working Group on its work on C3 alignment with the other RBC c-factors.
Topics: Actuarial Standards